SKF India Limited has completed the demerger of its industrial business, effective 1 October 2025, creating two independent entities. Shareholders of SKF India Limited will receive one share of SKF India (Industrial) Limited for every share held in the company. The new industrial entity is expected to be listed by November 2025, subject to regulatory approvals.
The demerger was first approved by the company’s board in the fourth quarter of 2024 and subsequently endorsed by shareholders and regulators. SKF India stated that the separation will result in two distinct companies with independent management teams, governance structures, and sectoral priorities.
“This demerger is a defining moment in SKF India’s journey. By creating two focused and independent companies, we are aligning ourselves with India’s twin growth engines— industrialisation and mobility. SKF Industrial will strengthen its role as a key backbone of India’s manufacturing growth, infrastructure development, railway network expansion, and renewables (wind) focus. SKF Automotive will scale with the EV, last-mile commercial vehicle and premiumisation wave. This structure strengthens our ability to allocate capital effectively, accelerate innovation, and create distinct value streams for customers and shareholders, while contributing meaningfully to India’s economic transformation,” said Mukund Vasudevan, Managing Director, SKF India Limited.
SKF India (Industrial) Limited will operate across manufacturing, railways, renewables, cement, mining, metals, and other heavy industries. It has planned investments of INR 8,000–9,500 million through 2030, including channel expansion and a new manufacturing facility in Pune by 2028.
SKF Automotive will focus on the mobility sector, including electrification, last-mile delivery, hybridisation, and safety technologies. It has earmarked INR 4,100–5,100 million in investments by 2030 across facilities in Haridwar, Pune, and Bangalore to expand capacity for original equipment manufacturers and retail networks.